The dark black bold line is a multiple daily close resistance, where i think that the price will stop and the decide what to do further on. My day-trading bias for some hours. FOMC is extremely likely to make or breake this idea, but until it this is what I think will happen.
EURUSD short term outlook remains bullish. Today at 14:00 UTC there will be ISM Non-Manufacturing PMI (Mar), which could move the eurusd pair up to ~ 60 pips or maybe more if the data is very surprising. There are no reasons, cut in stone, for my bias, but some of the core ones are : 1. eurusd pullback still has momentum and it seems like eurusds downside...
Beware of the Unemployment rate today .( www.forextime.com ) EURAUD has reached its trend line resistance and today at 12:30 (UTC) there will be U.S. employment data witch lately has been good (if it would be better than expected it would push eurusd (the major) lower and audusd lower as well). So taking this and more into consideration I think that it is...
This is my bias for the day and if it proves correct today and tomorrow I will likely go with it for the week.
usdjpy bias Tomorrow there will be U.S. GDP !! at 12:30 (UTC), it has great potential to almost make or break eurusd for the weak.
GBPUSD bias. It would be risky going long right away when the price reaches 1.48200. But if the price slows down stops makes a kind of a reversal pattern then the bias would turn additionally probable. ATTENTION The FED has declared that they will hike or not hike interest rates according to further economic data therefore tomorrows (and beyond) economic data,...
AUDUSD Bias At the turning point 1. If A double bottom with a bullish divergence forms. When going up 2. If the eurusd isn't falling while audusd is rising. The eurusd and audusd pullback's trends is still going strong and have proved themselves many times. Before shorting I'll look for this trend to be broken but for now it's still on. I rather loosing one or...
1. Bearish divergence 2. Resistance zone 3. US disappointing economic data 4. US won't raise the interest rate ! 5. Euro relief rally 5. "Educated guess"
NZD had a chance to rally against the usd and jpy it didn't take it so now it is going down in my opinion. Harmonic moves + resistance tells me how far it is likely to go.
economic calendar FOMC meeting !!! www.forextime.com
P.S. Economic Calendar (f.x. www.forextime.com ) FOMC meeting !!!
SPX500 Today the chart looks like it is about to have another short-term rally. Bias confidence - 85% My experience in stocks (0-10) = 6.5
GBP/JPY To continue it's pull back as EUR/USD pull's back. Idea Idea's confidence ~ 70% Bias confidence - 80%